Curtiss-Wright Corporation (CW)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 484,602 | 423,443 | 382,683 | 288,848 | 403,953 |
| Total assets | US$ in thousands | 4,620,970 | 4,448,300 | 4,103,540 | 4,021,330 | 3,764,260 |
| Operating ROA | 10.49% | 9.52% | 9.33% | 7.18% | 10.73% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $484,602K ÷ $4,620,970K
= 10.49%
Curtiss-Wright Corp. has maintained a relatively stable trend in its operating return on assets (operating ROA) over the past five years. The operating ROA ranged from 8.79% in 2020 to 10.73% in 2019, showing variations within a reasonable range. In 2023, the operating ROA improved to 10.49% compared to the previous year, indicating a positive trend in the company's operational efficiency in generating profits from its assets.
Overall, Curtiss-Wright Corp.'s operating ROA performance suggests that the company has been effectively utilizing its assets to generate operating profits. This metric demonstrates the company's ability to generate earnings relative to its asset base, reflecting its operational efficiency and effectiveness in managing its resources.
Peer comparison
Dec 31, 2023